November 13, 2025

Webinar

8 CPE Credits

Webinar (CA): Pass-Thru Entity Owners Schedule K-1 Analysis 25-26 🗓

November 13, 2025
Webinar
8 CPE Credits

Webinar (CA): Pass-Thru Entity Owners Schedule K-1 Analysis 25-26 🗓

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    Instructor

    Patrick
    Garverick

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    Patrick Garverick

    Bio

    J. Patrick (Pat) Garverick is a Certified Public Accountant (CPA) who began his career in public accounting in 1988 after obtaining his Bachelor of Science in Business Administration (BSBA) in Accounting from The Ohio State University. After receiving his Master of Taxation (MT) degree from Arizona State University in 1992, Mr. Garverick began operating his own tax and financial planning business. He also started writing, reviewing, and teaching tax and financial planning continuing professional education courses around the country. In addition to being a CPA, Pat is also a Certified Financial Planner (CFP). Pat has presented continuing education sessions since 1993 throughout the country and has won awards for both his skills as an instructor as well as for the content he has created. During his time in college Pat earned a letter as a member of the Ohio State Basketball squad. He remains a stanch supporter of the sports programs at his alma mater.

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This comprehensive case-driven training is designed to quickly get the accountant up to speed in basis calculations and distribution planning for the owners of pass-thru entities (i.e., S corporations, partnerships, and limited liability companies (LLCs)). The cornerstone of this course is the line-by-line analysis of the Schedule K-1s and how it affects the basis calculations. This session is taught using a Hands-On methodology. Real-world examples and cases demonstrate the complex income tax code and regulations to enhance the participant's learning experience. Each attendee will receive the most comprehensive reference manual with numerous practice aids, real-world examples, and case studies.

Learning Objectives

• List the three main reasons for calculating a shareholder
• s basis in an S corporation and partner/member
• s basis in a partnership/LLC 
• Calculate the stock and debt basis for S corporation shareholders
• Calculate the basis for partners and members of an LLC 
• Calculate losses allowed from at-risk activities
• Review the Form 1120S and Form 1065 Schedule K-1s to determine how the line items affect basis calculations and get reported on the individual owner
• s Form 1040

Major Topics

• Detailed coverage of any new legislation affecting basis computations and distributions and changes to the schedule K-1s (including the Form 7203
• S Corporation Shareholder Stock and Debt Basis Limitations)
• Line-by-line analysis of the Schedule K-1s to determine how the items affect an S shareholder
• s stock and debt basis and a partner/member
• s outside basis and where the items get reported on Federal individual income tax return
• The three loss and deduction limitations on the owner
• s individual income tax return (i.e. basis, at-risk and other Form 1040 limitations)
• How cash or non-cash distributions affect the basis calculations and whether or not they are taxable to the owners
• Compare the tax treatment of the sale of a shareholder
• s stock in an S corporation and a partner
• s interest in a partnership
• What constitutes debt basis for an S corporation shareholder under the final regulations
• The tax ramifications of repaying loans to S corporation shareholders and on open account debt
• How recourse and non-recourse debt affect a partner or member
• s basis calculations and amount at-risk

CPE Credits Available

8 CPE Credits
8
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Enrolled Agent - IRS Credit Eligible
  • Individual Tax
  • Pass-thru Entity (PTE)

Prerequisites

Basic understanding of individual income taxation.

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

Tax professionals (CPAs, accountants & other financial professionals) that need an in-depth training course on basis calculations and distributions rules for S-Corporations, partnerships, LLCs and their owners.

Provider

California CPA Education Foundation

This event has ended.